Sekisui Jushi Corporation announces an Equity Buyback for 1,000,000 shares, representing 2.48% of its total shares outstanding (excluding treasury shares), for a total of ¥2,200 million.

Sekisui Jushi Corporation (TSE:4212) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.48% of its total shares outstanding (excluding treasury shares), for a total of ¥2,200 million. The purpose of repurchase program is to improve capital efficiency and increase earnings per share, as well as implement a flexible capital policy that responds to changes in the business environment.

The repurchase program is valid till March 29, 2024. As of March 31, 2023, the company had 40,293,211 shares outstanding (excluding treasury shares) and had 3,020,387 shares in treasury.